True or False 1-5:

31. In the long run, a firm performing the same activity as another firm will disappear. (true or false)

32. In general, operational efficiency is something that firms should strive for even if it is not the basis for a competitive advantage. (true or false)

33. A firm losing money and projected to lose money into the foreseeable future should always exit the industry as early as possible to minimize losses. (true or false)

34. Any activity that a firm performs is a value activity (true or false)

35. A firm pursuing a broad differentiation strategy will likely have to sell as many of its products as a firm pursuing a cost leader strategy to be profitable. (true or false)